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MAP wants Metro under ‘state of traffic calamity’
Business group Management Association of the Philippines (MAP) is calling on the government to declare a “state of traffic calamity” in Metro Manila, citing the economic losses from the congestion on roads......»»
HMOs incur higher P4.3 billion losses in 2023
The health maintenance organization industry suffered a bigger net loss of P4.3 billion in 2023, marking the second straight year of a weak bottomline, as benefits and claims by its members soared......»»
Agriculture losses P1.75B due to El Niño
MANILA, Philippines — The El Niño phenomenon has cause P1.75 billion worth of damage to the agriculture sector, Presidential Communications Office (PCO) Assistant Secretary Joey Villarama said on Wednesday. Villarama, who serves as the spokesperson for the government’s Task Force El Niño, said that the group met on Tuesday where the Department of Agriculture (DA).....»»
Agriculture losses due to El Niño hit P1.23 billion
The agriculture sector has suffered P1.23 billion worth of damage due to the El Niño phenomenon since January, the National Disaster Risk Reduction and Management Council said yesterday......»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
‘NFA lost P112 million after rice sale to traders’
The National Food Authority has incurred losses of at least P112 million after the sale of 150,000 bags of rice at only P25 per kilo to some traders, according to a farmers’ group......»»
Sotto, Ramos crash back to earth as B. League teams suffer blowout losses
Coming off a two-game sweep with Gilas Pilipinas in the first window of the FIBA Asia Cup Qualifiers, Kai Sotto and Dwight Ramos fail to carry their winning ways into the Japan B. League.....»»
Negros Occidental farms drying up, initial losses placed at P55 million
The situation has worsened to the extent that a mayor turned to tribal elders and asked them to perform rituals to plead with 'nature spirits' to bring rain.....»»
Batangas sugar refinery stops operations
Listed sugar and ethanol producer Roxas Holdings Inc. yesterday said it permanently ceased the operations of its wholly owned subsidiary Central Azucarera Don Pedro Inc. Sugar in Batangas to slash its losses......»»
Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
Motivated NU puts nightmarish start behind
Powerhouse NU rises from a horrible start to the UAAP volleyball season, quickly learning from shock opening-day losses in both the men’s and women’s divisions.....»»
Maynilad pouring in P2.7 billion for water loss reduction plan
Maynilad Water Services Inc. will spend P2.7 billion until 2027 to reduce water losses by replacing its aging pipe network and stifling the rampant illegal connecti.....»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
SMB zooms to 2-0 lead
San Miguel Beer handed Magnolia something it hasn’t experienced all tournament long – back-to-back losses......»»
Germany mulling sale of stake in top gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»
Germany mulling stake sale in major gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»
Negros Occidental El Niño agriculture losses hit P7 million
Damage to rice fields in three areas in Negros Occidental, which are experiencing drought due to El Niño, has reached P7 million, the office of the provincial agriculturist reported yesterday......»»
Gatchalian wants to hold gencos accountable for power outages
Power-generating companies that are unable to provide a stable and steady supply of electricity should be held accountable for outages that result in economic losses, according to Sen. Sherwin Gatchalian......»»
PIDS: LGUs losing P10 billion from single power outage
Local governments are estimated to suffer over P10 billion worth of losses from a single electricity supply interruption, affecting the delivery of public services, according to the Philippine Institute for Development Studies......»»